Local market experts for southern Utah, Rocky and Deborah Burt, say the area is getting hit by foreclosures, but on a smaller scale than the national average.

Where national foreclosures rose by nearly 68 percent, Utah's only jumped by 7 percent; and only one in every 900 Utah homes has been foreclosed, say the Burts.

They say their local market remains active, but stable, with slightly more commercial construction than absorption in the current cycle.

And now is a great time to buy, with inventory very high and interest rates near a 30-year low.

The Burts think this area will be a good investment for years to come, with St. George being the fastest growing metro area in the nation for years 2000-2006.

On top of that St. George has a job growth rate of over 4 percent, which, combined with plans to build a new airport in the city, makes an investment in St. George or anywhere in southern Utah a wise decision.

For more information on this area, contact Rock and Deb at:
www.RockAndDeb.com.

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Published: March 3, 2008

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